HDFC Bank Board approves dividend of 6.50 rupees per share for fiscal year 21

HDFC Bank announced on Friday that its board of directors has recommended a dividend of 6.50 rupees per share for the year ending March 2021 for the year ending March 31, 2021, subject to the approval of the bank’s shareholders on its next ordinary general meeting (general meeting), said the HDFC Bank in a regulatory document.
If approved by the AGM, the expected date for dividends to be paid electronically and for physical dividend coupons to be sent out would be August 2, 2021, he added.
The bank’s general meeting is scheduled for July 17, 2021 via video conference and other audiovisual means. In addition, the Board of Directors approved the re-election of Umesh Chandra Sarangi as independent director from the 1st of 2024. Previously, the Board of Directors had approved his mandate from March 2021 to February 5, 2022 bylaws for three years ending in fiscal year 2023-24; this requires the consent of RBI.
MSKA & Associates is currently your auditor and under RBI guidelines, banks with assets of Rs 15,000 billion and more must appoint at least two joint auditors at the end of the previous year. each in the EEB, 0.95 percent more than at the last closing.

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